Deeptech startup Sthyr Energy raises $1 million from Speciale Invest, Antares Ventures

Here’s a summarized list of the details regarding Sthyr Energy based on the provided information:

Sthyr Energy Overview

  • Startup: Sthyr Energy
  • Founders:
    • Gunjan Kapadia
    • Akhil Kongara
    • Muhammed Hamdan
  • Sector: Deeptech, Energy Storage Systems
  • Technology: Mechanically rechargeable Zinc-Air battery systems
  • Target Applications:
    • Grid operators
    • Asset management companies with renewable energy farms
    • Microgrids in remote areas
    • Defence sector
    • Island communities reliant on diesel power

Fundraise Details

  • Funding Amount: $1 million
  • Funding Series: Seed Funding
  • Date of Fundraise: Not specified in the provided information
  • Investors:
    • Speciale Invest (early-stage investor)
    • Antares Ventures (participating investor)

Key Highlights:

  • The technology aims for long-duration and seasonal storage.
  • Utilizes non-flammable, water-based electrolytes for safety.
  • Modular designs for various scale deployments.
  • Expected to deliver a competitive levelized cost of energy (LCOE) for long-duration storage, positioning it as a viable alternative to lithium-ion batteries.

Additional Information:

  • Highlights the need for long-duration energy storage in countries with high renewable energy penetration, particularly in India.
  • Emphasizes the potential impact on renewable energy adoption.

Let me know if you need any more information!

Source link

2025-06-25 18:55:40